401k Plan data: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 plan

GEM STATE RADIOLOGY CASH BALANCE PLAN #2 401k Plan overview

Plan Name	GEM STATE RADIOLOGY CASH BALANCE PLAN #2
Plan identification number	005

GEM STATE RADIOLOGY CASH BALANCE PLAN #2 Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Plan covering Self-Employed individuals.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GEM STATE RADIOLOGY, LLP has sponsored the creation of one or more 401k plans.

Company Name: GEM STATE RADIOLOGY, LLP

Employer identification number (EIN): 826041596

NAIC Classification: 621510
NAIC Description: Medical and Diagnostic Laboratories

Additional information about GEM STATE RADIOLOGY, LLP

Jurisdiction of Incorporation: Idaho Secretary Of State

Incorporation Date:

Company Identification Number: J68

More information about GEM STATE RADIOLOGY, LLP

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GEM STATE RADIOLOGY CASH BALANCE PLAN #2

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2023-01-01
005 2022-01-01

Plan Statistics for GEM STATE RADIOLOGY CASH BALANCE PLAN #2

401k plan membership statisitcs for GEM STATE RADIOLOGY CASH BALANCE PLAN #2

Measure Date Value
2023: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2023 401k membership
Total participants, beginning-of-year 2023-01-01 110
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 102
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 19
Total of all active and inactive participants 2023-01-01 121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2022 401k membership
Market value of plan assets 2022-12-31 0
Acturial value of plan assets 2022-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 0
Number of active participants 2022-12-31 110
Total funding liabilities for active participants 2022-12-31 0
Total participant count 2022-12-31 110
Total funding target for all participants 2022-12-31 0
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 2,969,748
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 2,868,564
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 2,113,381
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 2,113,381
Additional cash requirement 2022-12-31 2,113,381
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 2,868,564
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 103
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 7
Total of all active and inactive participants 2022-01-01 110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0

Measure	Date	Value
2023: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2023 401k membership
Total participants, beginning-of-year	2023-01-01	110
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	102
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	19
Total of all active and inactive participants	2023-01-01	121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2022 401k membership
Market value of plan assets	2022-12-31	0
Acturial value of plan assets	2022-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	0
Number of active participants	2022-12-31	110
Total funding liabilities for active participants	2022-12-31	0
Total participant count	2022-12-31	110
Total funding target for all participants	2022-12-31	0
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	2,969,748
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	2,868,564
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	2,113,381
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	2,113,381
Additional cash requirement	2022-12-31	2,113,381
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	2,868,564
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	103
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	7
Total of all active and inactive participants	2022-01-01	110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0

Financial Data on GEM STATE RADIOLOGY CASH BALANCE PLAN #2

Measure	Date	Value
2023 : GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2023 401k financial data
Total income from all sources	2023-12-31	$2,803,432
Expenses. Total of all expenses incurred	2023-12-31	$424,777
Benefits paid (including direct rollovers)	2023-12-31	$410,055
Total plan assets at end of year	2023-12-31	$5,388,161
Total plan assets at beginning of year	2023-12-31	$3,009,506
Value of fidelity bond covering the plan	2023-12-31	$500,000
Other income received	2023-12-31	$186,133
Net income (gross income less expenses)	2023-12-31	$2,378,655
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$5,388,161
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$3,009,506
Total contributions received or receivable from employer(s)	2023-12-31	$2,617,299
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$14,722
2022 : GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2022 401k financial data
Total income from all sources	2022-12-31	$3,013,620
Expenses. Total of all expenses incurred	2022-12-31	$4,114
Total plan assets at end of year	2022-12-31	$3,009,506
Total plan assets at beginning of year	2022-12-31	$0
Value of fidelity bond covering the plan	2022-12-31	$500,000
Other income received	2022-12-31	$22,144
Net income (gross income less expenses)	2022-12-31	$3,009,506
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,009,506
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$2,991,476
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$4,114

Form 5500 Responses for GEM STATE RADIOLOGY CASH BALANCE PLAN #2

2023: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: GEM STATE RADIOLOGY CASH BALANCE PLAN #2 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	First time form 5500 has been submitted	Yes
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	GEM STATE RADIOLOGY, LLP
Employer identification number (EIN):	826041596
NAIC Classification:	621510
NAIC Description:	Medical and Diagnostic Laboratories

Jurisdiction of Incorporation:	Idaho Secretary Of State
Incorporation Date:
Company Identification Number:	J68